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Sunday, June 04, 2006 9:11:40 PM
The beauty behind BIGN is the technology used to hydroslot the wells. This is a BIG DEAL!!! 150,000 to slot a formerly producing well vs. 750,000 to drill a new one which might not hit. It is far quicker to hdroslot than drill. I expect to see the volume of wells in Grimes being completed to increase.
We have to remember that the first two wells were proving the technology. I can fully imagine a deal with schlumberger to get full use of the rework rigs. Schlumberger is huge and does this with companies all the time. It saves them a lot of down time and money not to have to move the rig around.
I also see BIGN as a company that is fiscally responsible, and does not waste our money. This increases our margin. It appears that management has a ton of shares, and wants to increase their wealth through the share price.
It is so rare to get in on the very ground floor of an opportunity like this. It is a no-lose proposition. This company will grow fast.
Shermann
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